What was the impact of Spain's silver trade with Asia? It decreased the price of silver. It created the first global economy. It

Question

RideAnS [48]

3 years ago

15

What was the impact of Spain's silver trade with Asia? It decreased the price of silver. It created the first global economy. It

opened the first European trade route with Asia. It led to a decline in trade in the Americas.

History

2 answers:

Naddik [55] · Answer 1 · 2022-08-28T01:51:33+03:00

Naddik [55]3 years ago

7 0

Answer:

<h2><em>It created the first global economy.</em></h2>

Explanation:

Galina-37 [17] · Answer 2 · 2022-08-27T23:28:23+03:00

Answer:

It decreased the price of silver

Explanation:

The impact of Spain's silver trade with Asia was that "It decreased the price of silver."

This is evident in the fact that Spain's silver trade with Asia led to the government of China to start using these silver to mine their own currency, given the fact they were the biggest buyer of the silver from Spain.

Thereby there is a great reduction in the value and demand of Silver.

Hence, in this case, the correct answer is "It decreased the price of silver."